Coca Cola (KO) to Acquire AB InBev's (BUD) CCBA Stake
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The Coca-Cola Company Exercises Call Option to Acquire Anheuser-Busch InBev’s Stake in Coca-Cola Beverages Africa
October 10, 2016 5:24 PM EDTATLANTA--(BUSINESS WIRE)-- The Coca-Cola Company today announced its intention to acquire Anheuser-Busch InBevs (ABI) stake in Coca-Cola Beverages Africa (CCBA) following the closing of the ABI combination with SABMiller.
The company has chosen to exercise its right to acquire ABIs stake in CCBA because it intends to implement its long-term strategic plan in these markets with other partners. While the company respects ABIs capabilities, it has a number of existing partners who are highly qualified and interested in these bottling territories.
During the next few months the company will negotiate the terms of the... More
